Cory Zeidman Pleads Guilty to Sports Betting Fraud Scheme
Former WSOP bracelet winner Cory Zeidman has admitted guilt in connection to a $25 million sports betting fraud scheme. The 64-year-old poker pro, who was once celebrated in the poker community, has now become a cautionary tale of deception and greed. His involvement in this large-scale operation exploited vulnerable individuals seeking insider tips on sporting events.
Details of the Fraud
Zeidman’s scheme, operational between 2004 and 2020, revolved around fraudulent claims of having “privileged” information on sports outcomes. These false promises, primarily advertised via radio commercials, lured victims by guaranteeing substantial returns on their investments. However, most of these so-called insider tips were fabricated or drawn from publicly available information.
Clients paid hefty fees under the impression that they were engaging in secure betting opportunities. Instead, they were systematically defrauded, with the operation generating millions of dollars for Zeidman and his associates.
The Investigation and Guilty Plea
In May 2022, Zeidman’s fraudulent activities came to light when he was arrested. Initially maintaining his innocence, he even quoted Friedrich Nietzsche, portraying himself as a victim of overzealous authorities. Despite his declarations of moral integrity, mounting evidence led him to plead guilty in October 2024 to charges of conspiracy and wire fraud.
The plea was entered in the United States District Court for the Eastern District of New York, marking a significant shift in his defense strategy. His legal team acknowledged the overwhelming evidence against him, leaving no viable alternative.
Sentencing and Fallout
While sentencing has yet to be finalized, Zeidman faces a potential 20-year prison term and restitution payments amounting to $3.6 million. His arrest and subsequent plea have not only tarnished his reputation in the poker world but also ended his career as a respected player. He has since refrained from participating in live tournaments, though reports suggest he continues to play in smaller cash games in Florida.
Zeidman’s case underscores the dangers of greed and deceit, even in a community as tight-knit as the poker world. His fall from grace serves as a reminder of the importance of ethical conduct both at and away from the tables.
For more updates on this case and other poker-related news, stay tuned to PokerNews.
FAQ
R500 No-Deposit Bonus: Is It Real in South Africa?
Which Casino Has a R500 No-Deposit Bonus? As of October 2026, I could not verify an active South African casino offering a genuine R500 no-deposit bonus. Current listings show offers of up to R50 and free spins, while pages advertising R500 do not confirm that the promotion is available directly from a licensed casino. What to Check Before Claiming a Bonus Read the casino’s official promotion terms before registering. For example, check whether the offer requires a promo code, limits withdrawals, or requires wagering before you can cash out.
Games That Pay Real Money Without Paying (2026)
If you’re looking to earn real money without paying anything upfront, there are several games and apps that let you do this completely free. These platforms pay you through small cash rewards, PayPal transfers, or gift cards as you play, complete tasks, or climb leaderboards. The key is that you don’t have to buy in with real money to start earning, though you should still treat this as a side‑income activity rather than a full‑time job replacement.
What is the no deposit welcome bonus at real money?
A real money no-deposit casino bonus is a great way to check out an online casino site and play for free at no cost. Real-money gambling sites offer no-deposit bonuses, but the amounts are usually small (ranging from $10 to $25). Rarely do free cash bonuses go up to $50 or $100.
No Verification Instant Payout Casinos
Which Casino Has No Verification Instant Payout? If you want a casino with no verification and instant payout, CoinCasino is often mentioned as a strong option because it supports crypto withdrawals, skips upfront ID checks, and is reported to pay out quickly. Another popular choice is 7Bit Casino, which is also known for fast crypto withdrawals and low-friction cashouts. Best Casino Options CoinCasino stands out for players who want a simple signup, fast crypto payments, and fewer document requests at the start.
How to get free spins on casino?
New players can get free spins from online casinos when they create a new account with no deposit required. At Oddschecker, we compare the free spins offers of the UK’s leading online casinos to make sure you get the most from your casino games.
Online casinos with 1,000 No Deposit Free Spins,Find them in 70ri.com!
This site only collects related articles. Viewing the original, please copy and open the following link:Cory Zeidman Pleads Guilty to Sports Betting Fraud Scheme
